Economy

Textbook delays disrupt start of academic year

Shawdesh desk: The new academic year has started from 1 January, but due to the printing crisis, students have not received all the books yet. While around two-thirds of the

RMG exports to EU soar by 24pc in Nov

Shawdesh Desk: Bangladesh’s apparel exports to the European Union increased by 24 per cent in November 2024 compared with those in the same month of the previous year. The EU’s

Debapriya strongly criticises ‘inconsiderate’ VAT hike by government

Shawdesh Desk: Debapriya Bhattacharya, who led the committee that prepared the White Paper on the state of Bangladesh’s economy, on Saturday strongly criticised the interim government for increasing value-added tax

Bangladesh’s external debts rise to $104b in Q1

Shawdesh desk: The country’s overall external debts remained over $100 billion at the end of the first quarter of the 2024-25 financial year despite the credit growth rate falling to

BB chief reveals laundered money figures, reaffirms efforts to recover

Shawdesh desk: Bangladesh Bank governor Ahsan H Mansur has unveiled startling details about money laundering activities, including the illicit transfer of $20 billion abroad by a Chattogram-based entity. Speaking at

Wider use of mobile phone faces hurdles

Shawdesh Desk: Telecom sector industry stakeholders said that the decision to increase the supplementary duty on mobile phone services by 3 per cent would hinder progress and widen the digital

Higher VAT to add pressure on industries

Shawdesh Desk: Under pressure from the International Monetary Fund (IMF), the interim government’s decision to increase VAT on 65 items—including medicine, powdered milk, biscuits, juice, fruits, soap, and sweets—midway through

BASIC Bank plundered by all involved

Shawdehs Desk: The BASIC Bank was collectively plundered by the Prime Minister’s Office, Ministry of Finance, Bangladesh Bank, and its Board of Directors. Sheikh Abdul Hye Bacchu, a favourite of